Machine A | ||
Machine A ( 52000 + 1900 +200 + 60 + 90 ) | 54250 | |
Cash | 54250 | |
Dep. Exp. ( 54250 - 5200 ) / 5 years | 9810 | |
Accumulated dep. | 9810 | |
On January 1, 2020, Riverbed Company purchased the following two machines for use in its production...
On January 1, 2020, Riverbed Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $48,500. Related expenditures included: sales tax $1,700, shipping costs $200, insurance during shipping $50, installation and testing costs $120, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Riverbed estimates that the useful life of the machine is 5 years with a $4,750 salvage value...
On January 1, 2020, Martinez Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $54,500. Related expenditures included: sales tax $2,050, shipping costs $100, insurance during shipping $110, installation and testing costs $80, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Martinez estimates that the useful life of the machine is 5 years with a $4,100 salvage value...
On January 1, 2020, Flint Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $46,000. Related expenditures included: sales tax $3,250, shipping costs $200, insurance during shipping $110, installation and testing costs $90, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Flint estimates that the useful life of the machine is 5 years with a $4,200 salvage value...
On January 1, 2020, Windsor Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $43,500. Related expenditures included: sales tax $3,550, shipping costs $150, insurance during shipping $50, installation and testing costs $100, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Windsor estimates that the useful life of the machine is 5 years with a $5,250 salvage value...
Problem 10-03A a-c (Part Level Submission) On January 1, 2020, Flint Company purchased the following two machines for use in its production process. Machine A The cash price of this machine was $46,000. Related expenditures included: sales tax $3,250, shipping costs $200, insurance during shipping $110, installation and testing costs $90, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Flint estimates that the useful life of the machine is 5...
Problem 10-03A a-c On January 1, 2020, Flint Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $46,000. Related expenditures included: sales tax $3,250, shipping costs $200, insurance during shipping $110, installation and testing costs $90, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Flint estimates that the useful life of the machine is 5 years with a...
Problem 10-03A a-c On January 1, 2020, Bridgeport Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $48,000. Related expenditures included: sales tax $1,550, shipping costs $100, insurance during shipping $70, installation and testing costs $70, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Bridgeport estimates that the useful life of the machine is 5 years with a...
Problem 10-3A On January 1, 2017, Evers Company purchased the following two machines for use in its production process Machine A: The cash price of this machine was $46,500. Related expenditures included: sales tax $3,700, shipping costs $100, insurance during shipping $50, installation and testing costs $70, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Evers estimates that the useful life of the machine is 5 years with a $4,300...
Problem 9-3A On January 1, 2019, Blue Spruce Company purchased the following two machines for use in its production process Machine A: The cash price of this machine was $56,500 Related expenditures included: sales tax S2 55 , shipping costs S10 insurance during shipping s installation and testing costs $90, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Blue Spruce estimates that the useful life of the machine is 5...
On January 1, 2015, Zidan Company purchased the following Two Machines for use in its production process. Machine A: The cash price of this machine was Tk.55,000. Related expenditures included: sales tax Tk.2,750, shipping costs Tk.100, insurance during shipping Tk.75, installation and testing costs Tk.75, and Tk.90 of oil and lubricants to be used with the machinery during its first year of operation. Zidan estimates that the useful life of the machine is 4 years with a Tk.5,000 salvage value...